I was looking up some research on the two dollar bill, and while reading this article https://www.marketplace.org/2015/01/09/economy/ive-always-wondered/why-are-there-so-few-2-bills
, i found this funny quote,
"Today, for example, it costs about 5 cents to make a dollar … and it costs the same amount to make a 2. Since the U.S. Bureau of Engraving and Printing presses upwards of 4 billion $1 bills a year, that adds up to a lot of ... coin."
Lets think about that sentence " it costs about 5 cents to make a dollar " LOL obviously that dollar does NOT actually a dollar worth of dollar paper
Anyway, I also found some funny stories about people arrested for using $2 bills becayuse best buy or walmart employees think they are fake and call the police and have people arrested for using $2 bills..
LOL and here is the history behind the $2 bill
The story of the $2 bill starts in 1862, when the federal government printed its first nationalized paper bills, Bennardo says. The $2 bill was in that first printing, along with the $1 bill, but it took a while for paper money to catch on.
That's because a lot of folks made less than $15 a month before the turn of the century. Inflation slowly brought the value of paper money down, but then the Great Depression hit. "This was a time when our country did not have much wealth, and a lot of things cost less than a dollar," Bennardo says. "So the $2 bill really didn’t have much of a practical use."
The economy recovered, but the $2 bill eventually found itself in a strange price point. It became the the perfect note for some rather nefarious purposes. "Politicians used to be known for bribing people for votes, and they would give them a $2 bill, so if you had one it meant that perhaps you’d been bribed by a politician," Bennardo says. "Prostitution back in the day was $2 for a trick, so if you were spending $2 bills it might get you into trouble with your wife. $2 is the standard bet at a race track, so if you were betting $2 and you won, you might get a bunch of $2 bills back and that would show that you were gambling." LOL just imagine that! $2 bills were a sign of corruption in the 1800s!
The Tom got kind of a dirty rep, and over the years as inflation brought the value of the single and the two closer and closer together it became even less necessary. "Imagine if we had a $25 bill," Bennardo says. "Which one would you use: the 20 or the 25? You probably wouldn’t use both."
Folks didn't see much use for poor ol' Tom, and in 1966 the government decided to stop making it. Ten years went by with no twos.
But here's the thing, the $2 bill saved the government a bunch of money." and then the quote about how it takes five cents to make a dollar LOL
And NOW there is a group of $2 bill ambasadors who go around spending ONLY in $2 bills to keeps the demand for them alive!
Like the boss at #Hornady Ammunition factory who paid his employee bonuses in $2 bills!
Shout out to 